Technical analysis AUDJPY for 19.12.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 91.650. The closest support is the level 90.770
Key levels
- 92.710, 92.170, 91.650, 90.770, 90.160, 89.480
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 91.650, with Take Profit of 92.170 and Stop Loss of 91.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 90.770, with Take Profit of 90.160 and Stop Loss of 91.200
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.